Lucas Company uses the weighted-average method in its process costing system.The company adds materials at the beginning of the process in the Forming Department,which is the first of two stages in its production process.Information concerning operations in the Forming Department in October follows: 
What was the materials cost of work in process on October 31?
Definitions:
Budgeting
The process of creating a plan to spend your money, outlining projected income versus expenses over a particular period.
Manufacturing Overhead Budget
A detailed plan showing the production costs, other than direct materials and direct labor, that will be incurred over a specified time period.
Direct Materials
Raw materials that can be directly traced to the manufacturing process of a product and are an integral part of the finished good.
Direct Labor
The cost of workers who can be easily identified with the manufacturing process of a product.
Q12: What was the contribution margin per unit?
Q52: Quality control activities have been moved from
Q52: What was the operating income under absorption
Q63: The Dean Company produces and sells a
Q68: Altec Company considers basing its marketing bonuses
Q80: At a break-even point of 400 units
Q88: What was the operating income (loss)for the
Q124: The following is last month's contribution format
Q136: Customers are demanding that companies use the
Q343: If sales decrease by 500 units in